Home / Technical Time / SO FX Weekly Review 5-9th February

SO FX Weekly Review 5-9th February

 

Good afternoon Traders, We are going to have a small re-cap on last weeks Trades where we managed to bank 320+ Pips collectively over the week. With just 3 losing Trades all week from 17 sent market conditions were very Enjoyable.

Our January apprentice’s undertook the Third week of their Live Online Theory based Education, The course is now fully underway and Clients are enjoying every session and interaction with the other Apprentice’s. We are looking forward to get February’s apprenticeship up and running on the 21st, spaces are now Limited.

GBP/AUD
Our First Trade of the week secured us in the region of 65 Pips. This Trade First come to our attention when on the 1 Hour time frame we Rejected of the 100.00 Fib region, We now needed to wait for confirmation for a SHORT and further Downside movement. Confirmation was given on crossover of the 20 & 50 EMA with natural reaction of movement now to the 200 EMA.



GBP/AUD
Another Trade on this pair, this Trade was taken on Thursday at around 10am. We entered a BUYSTOP at 1.7763 after a Breakout and Retest of the counter Trendline on the 1Hour chart. We had GBP Fundamental news at 12.30 and with a hawkish outlook on GBP we expected the GBP to gain Strength. This Trade was closed for 140 Pips – Perfect combination of Technical and Fundamental Analysis.